Corporations: The Chemistry of Growth

When he is not visiting his plants in
Europe, Latin America or Africaan activity that consumes half his
timeJ. Peter Grace is apt to spend his evenings studying chemistry in
his Long Island home. "I'm not a chemist by any means," he explains,
"but things change so fast in chemistry today that any man would have
to study just as hard as I do to keep up." Grace's studies have paid
off for the firm that he heads, W. R. Grace & Co.

Once solely a shipping and overseas-trading firm (founded by Grace's
grandfather in 1854), Grace has become one of...